Main Economic Drivers in Hulu Sungai Selatan Regency in 2023

Economics & Macro

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Agus Dwi Darmawan 29/11/2024 14:09 WIB

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Of the 17 sectors driving economic growth in these regencies/cities, mining and quarrying are the leading sectors.

Poverty Rate Based on the ADHB (Indeks Desa Berkualitas/Village Quality Index) in South Hulu Sungai Regency in 2023

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Poverty Rate Based on the ADHB (Indeks Desa Berkualitas/Village Quality Index) in South Hulu Sungai Regency in 2023

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The 2023 Gross Regional Domestic Product (GRDP) at current prices in Hulu Sungai Selatan Regency was recorded at Rp9,165.46 billion. The GRDP in this regency grew by 5.27% compared to the previous year's Rp8,442 billion.

Compared to the COVID-19 pandemic period in 2020, economic growth in this region is significantly higher. Previously, at the end of 2020, post-COVID growth recorded a decrease of 1.19%.

According to BPS (Statistics Indonesia) publications, with a total population of 236,330, the GRDP per capita in this region was recorded at Rp38,840,000/capita/year. Nationally, this GRDP per capita ranks 312th.

Of the 17 sectors driving economic activity in this regency, the mining and quarrying sector is the leading contributor.

The mining and quarrying sector ranks first. In 2023, this sector contributed the largest GRDP, reaching Rp1.88 trillion, a growth of 8.78%.

Second is the agriculture, forestry, and fisheries sector, growing by 4.54% to Rp1.88 trillion, followed by the wholesale and retail trade, repair of motor vehicles and motorcycles sector, growing by 4.14% to Rp871.68 billion.

Other sectors contributing to the top five include the manufacturing industry with a GRDP of Rp664.96 billion.

Distribution of GRDP in Hulu Sungai Selatan Regency in 2023

According to its distribution, the main sector contributing the largest growth to the GRDP in Hulu Sungai Selatan Regency is the agriculture, forestry, and fisheries sector, with a contribution of 22.49%. Other sectors in the top five are mining and quarrying, wholesale and retail trade, repair of motor vehicles and motorcycles, construction, and manufacturing.

The sectors with the smallest distribution are Financial and Insurance Services, Other Service Sectors, Water Supply, Waste Management, Waste and Recycling, Company Services, and Electricity and Gas Supply.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."